Deutsche Boerse (DB1Gn.DE) is in advanced talks to buy NYSE Euronext (NYX.N) in a deal that would create the world's largest trading powerhouse and put the citadel of American capitalism into foreign hands. The discussions announced on Wednesday are part of a massive shake-up of an industry under intense cost pressure from upstart electronic rivals, but also sees new business opportunities as derivatives are forced onto exchanges. Only hours earlier, the London Stock Exchange's (LSE.L) agreed to buy Canadian stock market operator TMX (X.TO), a move that would make it the fourth largest exchange and give it dominance in the fast-growing mining and energy sectors. [ID:nN09186774]
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